SINGAPORE (Mar 27): China’s retailers are feeling the heat from lockdowns and safe distancing measures as nearly half of consumer-facing companies there lack the cash to survive for another six months. Restaurants and caterers have had it hard with about 60% reportedly not being able to cover labour and rental costs, according to Bloomberg, while entertainment and education operators share a similar fate as they shut their doors indefinitely.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply